LS Investment Advisors LLC cut its position in Stifel Financial Corp (NYSE:SF) by 19.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,230 shares of the financial services provider’s stock after selling 1,021 shares during the period. LS Investment Advisors LLC’s holdings in Stifel Financial were worth $252,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the business. Swiss National Bank boosted its position in Stifel Financial by 2.6% in the fourth quarter. Swiss National Bank now owns 116,442 shares of the financial services provider’s stock valued at $6,935,000 after buying an additional 2,900 shares in the last quarter. Teacher Retirement System of Texas boosted its position in Stifel Financial by 311.8% in the fourth quarter. Teacher Retirement System of Texas now owns 23,235 shares of the financial services provider’s stock valued at $1,384,000 after buying an additional 17,593 shares in the last quarter. Price Capital Management Inc. acquired a new position in Stifel Financial in the fourth quarter valued at about $1,625,000. First National Bank of Omaha boosted its position in Stifel Financial by 5.4% in the fourth quarter. First National Bank of Omaha now owns 102,375 shares of the financial services provider’s stock valued at $5,288,000 after buying an additional 5,275 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado boosted its position in Stifel Financial by 3.3% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 208,547 shares of the financial services provider’s stock valued at $12,421,000 after buying an additional 6,622 shares in the last quarter. Hedge funds and other institutional investors own 89.63% of the company’s stock.
Stifel Financial Corp (NYSE SF) opened at $62.75 on Wednesday. Stifel Financial Corp has a 12 month low of $41.93 and a 12 month high of $68.76. The firm has a market cap of $4,290.84, a PE ratio of 29.32, a price-to-earnings-growth ratio of 1.02 and a beta of 1.69. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.67 and a quick ratio of 0.61.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.76%. This is an increase from Stifel Financial’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Wednesday, February 28th. Stifel Financial’s payout ratio is 18.69%.
A number of equities analysts have weighed in on SF shares. Nomura boosted their target price on shares of Stifel Financial from $56.00 to $58.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 31st. Goldman Sachs Group raised shares of Stifel Financial from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $56.00 to $77.00 in a research note on Monday, January 8th. Zacks Investment Research raised shares of Stifel Financial from a “hold” rating to a “buy” rating and set a $67.00 target price for the company in a research note on Friday, January 5th. Wells Fargo & Co boosted their target price on shares of Stifel Financial from $64.00 to $70.00 in a research note on Thursday, January 4th. Finally, Instinet raised shares of Stifel Financial from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 3rd. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $67.67.
In related news, Vice Chairman Ben A. Plotkin sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $53.70, for a total transaction of $1,074,000.00. Following the completion of the sale, the insider now directly owns 96,226 shares of the company’s stock, valued at $5,167,336.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 3.60% of the company’s stock.
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Stifel Financial Company Profile
Stifel Financial Corp. is a financial holding company. Its principal subsidiary is Stifel, Nicolaus & Company, Incorporated, a retail and institutional wealth management and investment banking firm. It operates through three segments: Global Wealth Management, Institutional Group and Other. The Global Wealth Management segment consists of the Private Client Group and Stifel Bank businesses.
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